A look at five interesting personal finance posts from other bloggers around the Web. This week: buying one share of Facebook stock, enjoying childhood without money, keeping a car for 16 years, how $75 can ruin your day, and why being frugal can be silly.
[Three Thrifty Guys] Earlier this week, a reader asked me, Should I Buy Facebook? My answer boiled down to, “You should never buy any stock if you can’t afford to diversify and hold for the long term.” Here’s another approach: Buy one share. “Before you poo-poo the idea, consider that one share of Apple purchased some 15 years ago for $5 would now be worth in the neighborhood of $560. How do you like them apples?” Still not sure it’s worth the trouble, but it’s definitely worth the read.
[The Simple Dollar] Raising a child is expensive, but the best parts of being a kid can be free: “You don’t have to have a bevy of possessions to enjoy playing tag in the yard with your children.” Here’s a timely reminder that growing up is not really about money.
[Get Rich Slowly] My friends get sick of me for talking about Why I Don’t Buy New Cars, but this story puts me to shame. Check out this tale about a 1995 Geo Prizm – a car that’s not even made any longer.
[Good Financial Cents] Speaking about cars and money, here’s a story that proves we think about money emotionally: “I think about how stupid I was to let something so minuscule have such a large impact on my life.”
[Five Cent Nickel] Here’s one man’s story about how saving money on items like cable TV would actually end up costing him money. “You can take frugality too far.” Very true.